Junior Gold Miners (GDXJ) Correction In Progress
In our last update on GDXJ from November 2021, we mentioned that the ETF has already started the next leg higher. From the January 28 low of $36.55 to April 18…
Elliott Wave View: SPY Starts Next Leg Lower
Short term Elliott Wave view in SPY suggests the decline from January 4, 2022 high is unfolding as a double three Elliott Wave structure. Down from January 4 high, wave…
Elliott Wave View: GDX Pullback In Progress
Short term Elliott Wave view in GDX suggests cycle from October 2021 low ended in wave ((1)) at 41.61 as an impulse Elliott Wave structure. Pullback in wave ((2)) is…
Elliott Wave View: Silver Looking to Correct Further
Short term Elliott Wave view in Silver suggests the decline from March 8 high is unfolding as a double three Elliott Wave structure. Down from March 8 peak, wave (W)…
Elliott Wave View: Apple (AAPL) Rally Should Fail
Short term Elliott Wave view in Apple (AAPL) suggests the rally to 179.59 ended wave ((X)). Wave ((Y)) lower is currently in progress. The decline from ((X)) peak is unfolding…
Uranium Miners ETF (URA) Breaking Out Soon
The 2011 Fukushima nuclear disaster in Japan resulted in a huge setback in Uranium. Plans for new nuclear power development are shelved and sentiment turns negative for many years after.…
Elliott Wave View: Amazon (AMZN) Declines in 5 Waves
Short term Elliott Wave view in Amazon (ticker: AMZN) suggests the rally to 3417 ended wave x. Wave y lower is in progress with internal subdivision as a zigzag ((A))-((B))-((C))…
Elliott Wave View: Rally in Russell 2000 (RTY) Expected to Fail
Short term Elliott Wave view in Russell 2000 (RTY) suggests that the decline from November 8, 2021 peak is unfolding as a 5 waves impulse structure. Down from November 8,…
Platinum Elliott Wave Outlook
Precious metals and other commodities continue their bullish run as a result of inflationary pressure and war in Ukraine. In this article, we will take a look at Platinum. Platinum…